Overview Nobody likes making mortgage payments. That being said, missing a mortgage payment is much more painful than making the scheduled payment. This will hurt your credit score, negatively impact…
Introducing our Newest HELOC Loan Program: A Great Way To Access Your Home’s Equity Easily and Effectively
Overview With the average amount of home equity hitting new all-time highs, many homeowners are seeking to discover how they can immediately benefit by having access to their equity. One…
New Conventional Conforming Loan Limit Increase
The new conventional Conforming loan limits have been increased to $715,000! Although they haven’t been officially released, we at Bluefire Mortgage Group are honoring these new loan limits effective immediately…
Interested in Purchasing an Investment Property? Here is how it is different from a Primary Residence:
Getting to the point where you can afford to expand your real estate portfolio is a huge milestone. When it comes to financing an investment property, there are a few…
Offset Mortgage Financing – How This Mortgage Program Will Help You Become Debt Free Faster
We know how a traditional fixed-rate mortgage works – the typical borrower will take a loan out for approximately 30 years, with the first few years primarily spent on paying…
How To Safely Wire Closing Funds To Escrow: A Call-Back Verification Process
Our digital environment has made it quite easy for all kinds of jobs and technology to thrive. With the addition of Covid, the entire world shifted; most companies were forced…
What You Need to Know About 1031 Exchanges & Residential Mortgage Loans
What is a 1031 Exchange? A 1031 exchange (IRS code Section 1031) is an exchange that occurs when one investment property is sold in order to purchase another. When swapping an investment…
Five Reasons to Use a Local Lender
It is important to do an ample amount of research and shop for a mortgage loan before deciding who to work with. While big banks have a strong presence they…
Benefits of an FHA Streamline Refinance
Looking to refinance your existing FHA mortgage? The FHA Streamline refinance is the fastest, simplest way for FHA-insured homeowners to refinance their mortgages into today’s low mortgage rates. While it might…
Current State of the Housing Market – 2021 Q1
With all the turmoil and uncertainty that 2020 has brought, the housing market has remained surprisingly steady with no signs of slowing down in California. After a brief period of…